Arch Coal (NYSE:ARCH) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other research firms have also weighed in on ARCH. MKM Partners reissued a “buy” rating and set a $104.00 target price on shares of Arch Coal in a report on Tuesday, September 12th. Jefferies Group set a $90.00 target price on shares of Arch Coal and gave the stock a “buy” rating in a report on Friday, August 18th. FBR & Co reissued a “buy” rating on shares of Arch Coal in a report on Tuesday, September 19th. Macquarie began coverage on shares of Arch Coal in a report on Thursday, September 7th. They set a “neutral” rating and a $84.00 target price on the stock. Finally, J P Morgan Chase & Co raised shares of Arch Coal from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $90.00 in a report on Thursday, August 31st. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Arch Coal currently has a consensus rating of “Buy” and a consensus price target of $93.00.

Shares of Arch Coal (ARCH) traded up $1.70 during trading on Friday, reaching $84.26. 370,354 shares of the company’s stock traded hands, compared to its average volume of 273,249. Arch Coal has a twelve month low of $60.13 and a twelve month high of $86.36. The company has a quick ratio of 2.40, a current ratio of 2.79 and a debt-to-equity ratio of 0.46.

Arch Coal (NYSE:ARCH) last issued its earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, beating the consensus estimate of $1.58 by $0.96. The firm had revenue of $613.53 million during the quarter, compared to analyst estimates of $550.35 million. Arch Coal’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.43) earnings per share. equities research analysts expect that Arch Coal will post 9.62 EPS for the current fiscal year.

In other news, Director James N. Chapman sold 1,002 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $80.99, for a total value of $81,151.98. Following the sale, the director now directly owns 2,226 shares of the company’s stock, valued at approximately $180,283.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.34% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Leucadia National Corp acquired a new position in shares of Arch Coal during the 2nd quarter valued at $526,000. BlackRock Inc. lifted its position in shares of Arch Coal by 242.4% during the 2nd quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock valued at $96,680,000 after acquiring an additional 1,002,176 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Arch Coal by 11,912.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 228,241 shares of the energy company’s stock valued at $15,588,000 after acquiring an additional 226,341 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Arch Coal by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 995,469 shares of the energy company’s stock valued at $67,989,000 after acquiring an additional 22,752 shares during the period. Finally, Contrarius Investment Management Ltd lifted its position in shares of Arch Coal by 35.9% during the 2nd quarter. Contrarius Investment Management Ltd now owns 789,130 shares of the energy company’s stock valued at $53,898,000 after acquiring an additional 208,487 shares during the period.

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Arch Coal Company Profile

Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.

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Analyst Recommendations for Arch Coal (NYSE:ARCH)

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